Remaking The World Order

Posted On Jul 18, 2022 By Addison Wiggin

If you’re an investor, you know we just passed through the worst performing first half of a year since 1970. That’s if you’re tracking the S&P 500.

The Nasdaq is having its own worst year since 1962. Using our handy iPhone calculator that’s 60 years.

Tech stocks as a group are suffering their worst six months… ever.

We could talk about crypto, but that ship has sailed for now.

Meanwhile, the dollar and treasuries are rising.

WTF, my kids would say. They even bought me a t-shirt that says the same.

Back to the S&P, since it’s a broader indicator of the market.

For some people, 1970 doesn’t seem like a long time ago. But to be a snot about it, that’s over half a century. More than but a wee two years longer than my own life. So it’s not a stretch to say, barring the mess in 2008, this is the worst financial crisis of my lifetime. So what do you do…?

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